Firstly, the ranged don’t get a disadvantage. Actually, they get even an advantage for easier access to meteor shots. Besides, you talked about rangers, what about mages? They are facing a greater disadvantage because the harder access to meteor set/space gun. Lastly, you can also get silver bullets in tungsten worlds by purchasing them from arms dealer during bloodmoons in prehardmode worlds, and in fact you don’t even need to craft them. (It is more costy to buy bullets and craft them than simply buy silver bullets and sell the bars.)
Besides, you have also talked about the reaver shark. I admit it is a powerful tool, but it takes a lot of work to get. You will need enther a great deal of baits or sonar potions, as well as something to increase your fishing power. While the tungsten pickaxe is much easier, you only need to loot some underground chests. So the reaver shark can’t be an explain for not using tungsten pickaxes.